Antofagasta (LON:ANTO) Price Target Cut to GBX 800

Antofagasta (LON:ANTO) had its price target cut by Peel Hunt from GBX 940 ($12.37) to GBX 800 ($10.52) in a research note released on Monday morning, Stock Target Advisor reports. They currently have a hold rating on the mining company’s stock.

A number of other equities research analysts have also issued reports on ANTO. Goldman Sachs Group dropped their target price on Antofagasta from GBX 910 ($11.97) to GBX 890 ($11.71) and set a neutral rating on the stock in a research report on Monday, February 17th. Liberum Capital raised Antofagasta to a buy rating and upped their price target for the stock from GBX 840 ($11.05) to GBX 1,100 ($14.47) in a research report on Tuesday, January 14th. Deutsche Bank reaffirmed a hold rating and set a GBX 760 ($10.00) price target (down from GBX 850 ($11.18)) on shares of Antofagasta in a research note on Wednesday, March 18th. Citigroup reiterated a buy rating and issued a GBX 1,100 ($14.47) price objective on shares of Antofagasta in a report on Monday, January 27th. Finally, Jefferies Financial Group lowered their price objective on shares of Antofagasta from GBX 850 ($11.18) to GBX 750 ($9.87) and set a hold rating on the stock in a report on Thursday, March 19th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 841.07 ($11.06).

ANTO stock opened at GBX 765.20 ($10.07) on Monday. The company has a debt-to-equity ratio of 29.33, a current ratio of 2.33 and a quick ratio of 1.95. The stock has a market capitalization of $7.14 billion and a P/E ratio of 15.03. Antofagasta has a fifty-two week low of GBX 575 ($7.56) and a fifty-two week high of GBX 1,026 ($13.50). The business has a 50-day moving average of GBX 767.54 and a 200-day moving average of GBX 865.15.

The company also recently announced a dividend, which will be paid on Friday, May 22nd. Investors of record on Thursday, April 23rd will be paid a $0.23 dividend. The ex-dividend date is Thursday, April 23rd. This is a boost from Antofagasta’s previous dividend of $0.11. This represents a dividend yield of 2.69%. Antofagasta’s dividend payout ratio (DPR) is currently 0.55%.

Antofagasta Company Profile

Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.

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Analyst Recommendations for Antofagasta (LON:ANTO)

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